Trea Direct Lending (TDL), has raised a total of €70m to provide loans to small and medium-sized Spanish companies in various sectors, except real estate and financial businesses.
Although the fund has now closed, Trea already made its first investment in September last year through an eight million euro convertible loan to Gleva Estates, a Catalan wine group.
Trea was selected by Fondico, in the debt fund category, raising €20M. The rest of the funds have been provided by Spanish investors.
On average, the amount of loans granted by TDL ranges from EUR 7 million to EUR 8 million, although the figure can reach EUR 15 million in some cases, with repayment terms ranging from four to seven years.
In recent years, new direct lending funds have appeared in our country, as we mentioned in a previous article. post a few months ago, This alternative financing to banking, which is already consolidated in countries such as the USA and the UK, is gaining more and more strength in Spain. At first these funds were foreign or had foreign participation, but little by little Spanish funds have been emerging.
Telegraph Hill Capital THCapthe Catalan venture capital firm, is launching its second fund, double the size of the first. The fund, which is expected to be launched before the summer, will invest in seed stage companies in four sectors: cybersecurity, education technology, medical technology, and fintech.
The fund manager, which mainly invests in US companies, intends to invest a third of its investment in Europe and Israel with this new fund. Telegraph has previously invested in Spanish companies, such as Captio, a Spanish business expense management company.
Nexxus Iberia aims to materialise this first closing in an amount of resources within a range of €80 to €100M. Moreover, a final closing is expected to be reached by the end of 2017. This does not seem unrealistic, given that the vehicle already has €40 million in backing from the government's fund of funds. Fond-ICO Global selected this instrument among the winners of the seventh call, resolved last October.
The fund expects to make between eight and ten acquisitions -The fund manager's preferred sectors are consumer, health and wellness, and business to business (B2B), where it has a preference. With this strategy, the managers of Nexxus Iberia aim for their first fund to achieve a return of 20% IRR (internal rate of return), the sources specify.
Recently, Nexxus has invested in the Latin American company Immuno Holding, a company dedicated to the development and commercialisation of nutritional supplements through multilevel direct sales channels.
Strengzen and Caixa Innvierte Start, new funds March 2016
New venture capital funds for SMEs: Meridia capital and Closa Gordon
New funds for 2016: Sabadell, Caixa Capital risk, Samapaita Ventures and others.
If you are looking for investors, get in touch with us. Abra-invest has a team of experts in alternative financing at your disposal. Call + 34 946424142 or fill in the contact form.
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